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ForexFloorTrader
Dec 1, 2019 10:54 AM

GBPAUD DAILY LONG TRADE SETUP - UPDATE 1 Long

GBP/AUDOANDA

Description

The long trade setup was first identified on November25 and hit its entry price level 3 day's later on November 28.

In my formal trading training I was taught that if price doesn't start to trend right away I should consider abandoning
the trade setup as the setup may not work and may start moving in the opposite direction.

Notice that over the last 4 daily candles price has been respecting the 10 day EMA confirming the upward trend is intact.

Summary: Price has now broken out, hit my entry price and is now starting to move upward towards my price target.
Comments
Nuwan07
sure Big up from this week
BlaiseThewinner
DO NOT SEE gbp having such bright future like that
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